Debtors cartel

davidcameron

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Jun 4, 2010
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8,797
Is anyone familiar with the term "debtors cartel"? It's where countries in debt get together and default, thus bringing down the lender. It occurs in a film called "Countdown to Looking Glass", in the run-up to World War 3. The film is available for free at the following address:
Countdown to Looking Glass [1984]
 


ICallely

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Joined
Aug 18, 2010
Messages
187
I thought that had already happened, and thats why we are where we are?

Anglo Irish Bank, or something like that.
 

davidcameron

Well-known member
Joined
Jun 4, 2010
Messages
8,797
I thought that had already happened, and thats why we are where we are?

Anglo Irish Bank, or something like that.
The scenario I have in mind:
Ireland joins forces will every other country that owes the IMF. They jointly default on their loans, causing the IMF to possibly collapse and free themselves from debt.
 


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